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A stable housing market and fewer bad loans helped lift Wells Fargo's quarterly profit 3 percent.
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Markets steady after Portuguese bank scare

The Associated Press  |  posted 46 minutes ago
Global stocks steadied somewhat Friday after slumping on worries about the soundness of a bank in Portugal, while trading in Asia was muted over the specter of more financial turmoil in Europe.
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House chairman: $3.7 billion request 'too much'

Erica Werner, Alicia A. Caldwell, Associated Press  |  posted 47 minutes ago
President Barack Obama's $3.7 billion emergency request for the border crisis is too big and the House won't approve it, the chairman of the House committee that controls spending said Friday.
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Stocks move lower; on track for a weekly loss

The Associated Press  |  posted 47 minutes ago
U.S. stocks are moving mostly lower in midday trading as investors assess corporate earnings.
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Portuguese bank says it's healthy, markets recover

Barry Hatton, Associated Press  |  posted 47 minutes ago
Senior Portuguese officials gave assurances Friday about the soundness of Portugal's biggest bank, seeking to defuse tension after world markets went into a spin over fears that Banco Espirito Santo's troubles could reignite Europe's financial difficulties.
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US concerned over Myanmar journalists' sentences

The Associated Press  |  posted 17 minutes ago
The U.S. says it's very concerned that four reporters and a magazine chief executive in Myanmar (mee-an-MAWR') have been sentenced to 10 years of hard labor.
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Patients seek FDA ban on fibroid removal devices

The Associated Press  |  posted 17 minutes ago
More than a dozen members of the public — including cancer patients, their family members and physicians — are calling on federal health regulators to block the use of electronic surgical tools which can inadvertently spread cancer throughout the body.
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STOCKS IN THE SPOTLIGHT

The Associated Press  |  posted 27 minutes ago
Sales, noon price and net change of the 15 most active New York Stock Exchange issues, trading nationally.
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Stocks edge lower, on track for weekly loss

Steve Rothwell, Associated Press  |  posted 27 minutes ago
Stocks edged mostly lower Friday as investors assessed corporate news. The stock market is headed for its biggest weekly loss since April after ending the previous week at a record high.
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New Maine database to reveal graduates' wages

Alanna Durkin, Associated Press  |  posted 37 minutes ago
As many college graduates grapple with poor job prospects and crushing student debt, Maine officials hope a new database will help prospective students make more informed choices about what degree to pursue and how much they can afford to borrow for their education.
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Amazon asks FAA for permission to fly drones

The Associated Press  |  posted 47 minutes ago
Amazon is officially asking the Federal Aviation Administration for permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less.
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House votes to make business tax break permanent

Stephen Ohlemacher, Associated Press  |  posted 47 minutes ago
The House voted Friday to make permanent a temporary tax break that makes it easier for businesses to invest in new equipment, one of many expired tax breaks that Congress must deal with by the end of the year.
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NHTSA probes 500K Ford cars for steering issues

The Associated Press  |  posted 47 minutes ago
The National Highway Traffic Safety Administration says it is investigating steering problems in about 500,000 Ford cars.
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Arizona judge orders inflation funding for schools

The Associated Press  |  posted 57 minutes ago
A judge has ruled that Arizona public schools are entitled to at least $317 million in additional state funding for inflation this year and set the stage for further proceedings that could bump the total to $2.9 billion over the next five years.
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Economists lower forecasts for US growth

Christopher S. Rugaber, Associated Press  |  posted Jul 11th - 9:42am
U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter.
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